- Payday loans in Inverness follow Florida law (Florida Statutes s. 560.404 (deferred presentment)).
- Borrowing $300 at the state maximum costs $30 (10% fee) plus a small verification fee.
- The nearest larger city is Ocala, about 26 miles away.
Inverness at a glance
| Inverness | |
|---|---|
| Population (2024 Census estimate) | 7,887 |
| Change since 2020 | +3.7% (growing) |
| County | Citrus County |
| Size rank among 393 Florida places we cover | 191st |
| Nearest larger city | Ocala (about 26 miles) |
| Credit unions headquartered in town (NCUA) | None |
| Other towns within 25 miles | 10 (about 56,407 residents) |
| Typical payday APR statewide (CRL 2023) | 293% |
Payday lending in Inverness follows Florida state law. Lenders that serve Inverness, in a store or online, must be licensed by the Florida Office of Financial Regulation.
Credit unions near Inverness
NCUA data (June 2026) shows no credit union headquartered in Inverness or Citrus County. Many credit unions have branches in other towns or accept members online. Use the NCUA’s Credit Union Locator to find one near you.
Only federal credit unions can offer payday alternative loans (PALs), capped at 28% APR; state-chartered credit unions often have their own small-loan products. Membership rules apply, and only main offices are listed here; find branches near you with the NCUA Credit Union Locator. See how PALs work.
Payday loan rules that apply in Inverness
The main Florida rules for a payday loan in Inverness: maximum loan: $500 (single-payment); $1,000 for installment deferred presentment; maximum fee: 10% of the amount provided, plus a verification fee; loan term: 7 to 31 days (installment: 60 to 90 days). See the full Florida payday loan rules.
What a $300 loan costs in Inverness
The Center for Responsible Lending put the typical APR on a $400 payday loan in Florida at 293% (June 2023). For $300 at the state maximum, expect $30 (10% fee) plus a small verification fee. Check any offer with our payday loan calculator.
Other help in Citrus County before you borrow
- Call or text 211 for help with rent, utilities and food in Citrus County.
- Ask a federal credit union about a PAL: $200–$2,000 at no more than 28% APR (how PALs work).
- Check your bank app for a small-dollar loan or early pay (bank options).
- Try a cash advance app if you have direct deposit (apps compared).
Towns near Inverness
- Dunnellon · 16 mi
- Crystal River · 16 mi
- Coleman · 17 mi
- Bushnell · 18 mi
- Wildwood · 20 mi
- Belleview · 23 mi
The nearest larger city is Ocala, about 26 miles away. See all 393 Florida cities.
Need cash before payday?Send one free request to our lender network. We are not a lender; offers and rates come from lenders.
Request a loanFrequently asked questions
Are payday loans legal in Inverness?
Yes. Payday loans are legal in Inverness under Florida state law, and lenders must be licensed by the Florida Office of Financial Regulation.
How much does a payday loan cost in Inverness?
At Florida’s maximum fee, borrowing $300 costs $30 (10% fee) plus a small verification fee. The typical statewide APR was 293% in 2023.
Where is the nearest credit union to Inverness?
NCUA data shows no credit union headquartered in Inverness or its county. Use the NCUA credit union locator to find branches and online credit unions.
Sources
- U.S. Census Bureau — City and town population totals, Vintage 2024
- U.S. Census Bureau — 2024 Gazetteer files (place locations)
- NCUA — Credit union call report data, June 2026 (FOICU)
- Florida Statutes s. 560.404
- Florida OFR — Payday lenders
- Center for Responsible Lending — Red Alert Rates: APRs on $400 single-payment payday loans (June 2023)
- CDFI Fund — NCUA payday alternative loans summary